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20120929
20121007
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Q & A 3
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CSPAN 3
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Search Results 0 to 2 of about 3 (some duplicates have been removed)
CSPAN
Oct 1, 2012 6:00am EDT
named nine things you want to change after the election. >> that is right. we are in a situation where we are facing fiscal disaster. that is not an overdramatic. you can look at these charts. they are easy to find online. do a little search. congressional budget office. treasury. we are facing fiscal disaster. the debt of the united states, the budget, on its current trajectory, will bankrupt the country if we do not do something. >> what is the worst that could happen? >> what almost happened last summer when the idiots, the republican idiots, decided we can have the country default on its debt and that would be fine. if you have ever been a banking reporter, which i have, if there is anything resembling a default on u.s. debt, it is a disaster worldwide. i thought we had learned something from that a year ago. apparently, we have not. the worst thing that happens is a u.s. default on its debt. it would be catastrophic. for no reason, idiotic. it is crazy. >> what is the result? >> every bank in the united states, every major bank, is bankrupt. suddenly, your capital is gone. a lot o
Search Results 0 to 2 of about 3 (some duplicates have been removed)